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Dec 7, 2012
12/12
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he sat down with a falls church family to talk about how ending the bush era tax cuts would affect them. if they expire the end of the month, an average family of four would have to pay about $2200 in extra taxes. the president says he is in favor of extending tax breaks for people making $250,000 a year or less but not for the top 2%. >>> down on the ellipse, there was a special ceremony to light the national crime tree. >> three, two, one! >> an it was quite the turnout for the annual lighting of the tree. the president addressed the crowd and during his speech also spoke about helping the victims of superstorm sandy. m >>> we are also following developing news overseas. up next, egyptian president mohammed morsi tries to quiet protesters but is he will to back down from his power grab. >>> a major ruling in michigan that has some workers upset and could hurt the auto industry. more on that when we return. >>> michigan is now one step closer to becoming a right to work state. yesterday, the state house and senate approved bills limiting ups from collecting fees from nonunion worke
he sat down with a falls church family to talk about how ending the bush era tax cuts would affect them. if they expire the end of the month, an average family of four would have to pay about $2200 in extra taxes. the president says he is in favor of extending tax breaks for people making $250,000 a year or less but not for the top 2%. >>> down on the ellipse, there was a special ceremony to light the national crime tree. >> three, two, one! >> an it was quite the turnout...
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Dec 6, 2012
12/12
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conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power play of all in obama care came at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended medicare by nearly a decade. their plan ends medicare as we know it. >> on medicare, for current retirees, he's cutting $716 billion from the program. i can't understand how you can cut medicare $716 billion for current recipients of medicare. >> look, these guys haven't been big on medicare from the beginning. their party's not big on medicare from the beginning. folks, use your common sense. who do you trust on this? >> so, now, of course, given all the campaign rhetoric coming from both sides, we are on the other side of an election that proved that there is a bipartisan consensus, that it is bad to be the kind of poli
conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power play of all in obama care came at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended...
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Dec 10, 2012
12/12
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edward tweeted us to say for six years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new he said the. 40 years back. what are we now? 9:00 p.m. sunday. fox news. relive the dream. dream again. >> the federal government will conduct a national test of the emergency alert system. >> you cannot avoid it. it is everywhere. john: does it make you feel safe the government spent 40 years studying the assault assault -- soap. do we need government to protect workers? >> absolutely. next? -- questi. [laughter] >> good intentions and gone wrong. that is the show. tonight. john: politicians claimed they make life better to pass laws. they have good intentions but we should not judge by intention. politicians good intentions go wrong. work regulation. companies are not greedy they don't care about their workers but seems reasonable government has to protect them. almost everybody agrees. >> they should be protected. >>
edward tweeted us to say for six years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new he said the. 40 years back. what are we now? 9:00 p.m. sunday. fox news. relive the dream. dream again. >> the federal government will conduct a national test of the emergency alert system. >> you cannot avoid it. it is...
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Dec 6, 2012
12/12
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just 26 days before everyone's taxes go up and programs get cut. jon karl is following it all. a small breakthrough yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication they may be serious about negotiating in private. >> we're starting to see some republicans concede that tax rates on the wealthy, at least, are going to have to go up. the president has another rock-hard bottom line. that's an increase in the u.s. debt limit, as well. >> reporter: that's right. republicans even top republicans, say the tax rates are going to almost certainly go up. but on this question of the debt ceiling, the government reaches the limit of how much money it can borrow in february. republicans say they will exact a price for that. they want spending cuts, if they can't get exchange for the tax increases. they will raise the debt ceiling. >> th
just 26 days before everyone's taxes go up and programs get cut. jon karl is following it all. a small breakthrough yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication they may be serious about negotiating in private. >> we're...
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edward tweeted us to say for six years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's teresting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new ♪ neil: sometimes you can sum up a week with a couple words, but this week, it's with this ad. >> cutting hundreds of billions of dollars from medicare and medicaid short change the people who need it the most. if you don't want seniors to come up empty, call your members of congress and tell them don't make a bad deal that cuts our care. neil: if that doesn't tell you real cuts are not coming, neighbor 101 democratic congressman want not to cut social security could drop a hint coming days after the national black cau cues coming further urging all entitlements, not just social security, be left off the cliff talks. you wonder why i fear we had headed for the cliff fast. welcome, evybody, i'm neil cavuto. that's really the deal this week. no deal this week. hence, that if one of the seriously coming behind closed doors,
edward tweeted us to say for six years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's teresting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new ♪ neil: sometimes you can sum up a week with a couple words, but this week, it's with this ad. >> cutting hundreds of billions of dollars from medicare and medicaid short change the people who need it the most. if you don't...
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by the way, the same republicans who ran a campaign with president obama cutting $716 billion out of medicare, all the sudden want tremendous cuts in medicare. i think we'll get a deal. we have to. i think the president understands that. neil: i know we have to, but we've been this way before. here's my worry, that a bad deal could be worse than no deal. a bad deal, let's say there's cuts, and i don't envision many, your comment, though, withstanding, because i don't see the resolve for it because even slowing growth in a program is opposed by unions, the congressional black caucus, 101 democratic congressmen, when it comes to social security, whether that should or shouldn't be part of the discussion is going to remain as a zeal to raise taxes over cutting spending. that's what worries me. >> well, you know, neil, i sit here in the financial markets, and so my concern all the time is protecting and preserving individuals and corporations' wealth. i look at this, how does it affect the market, and to your point about if this is a bad deal, wher there's, you know, no spending cuts, in
by the way, the same republicans who ran a campaign with president obama cutting $716 billion out of medicare, all the sudden want tremendous cuts in medicare. i think we'll get a deal. we have to. i think the president understands that. neil: i know we have to, but we've been this way before. here's my worry, that a bad deal could be worse than no deal. a bad deal, let's say there's cuts, and i don't envision many, your comment, though, withstanding, because i don't see the resolve for it...
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let's boycott it it cuts both ways. >> by the way morgan, it is not only olive garden but papa john. >> bad press is bad for business. the ceo came out and said obama care would lead to 14 cents more per pie and one of our reporters didhe math metics and fnd it was four cents a pie . since then. since then, the ceo back tracked and it makes the company look silly and greed. we are seeing that blo back. >> but the president said it was not going to cost a dime but aparently i is. >> hold on, rick. >> guys, with all due resct everyone of you missing the point. people are n angry about what they are saying, they are angry aut what the ceo's are doing. was not saying we lost money because we said the wrong their customers got upset they were trying to take out their corporate responsibility by hurting the workers. customers are worki people in this country. we'll not let them get away with it. >> working people working for the companies that are worried aboutheir jobs because of the tax implications of obama care. >> rick, if they had done it elegantly and say we'll have to do surcharge
let's boycott it it cuts both ways. >> by the way morgan, it is not only olive garden but papa john. >> bad press is bad for business. the ceo came out and said obama care would lead to 14 cents more per pie and one of our reporters didhe math metics and fnd it was four cents a pie . since then. since then, the ceo back tracked and it makes the company look silly and greed. we are seeing that blo back. >> but the president said it was not going to cost a dime but aparently i...
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Dec 11, 2012
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the re-election of president obama validates his particular approach here, which is that middle class people should not have a burden placed upon their shoulders. the working classes should not be punished, and god knows the working poor should not be further marginalized in this economy by trying to give goodies and treats to the republicans. they are playing grinch for -- the grinches who stole the christmas of working class people here, and president obama is trying to talk about the spirit of generosity and common sense of the american people. so what he's been trying to say is, i'm not going to budge, and i think he's got a reassured approach here. the american public has spoken. president obama has girded up his lions and he's digging in his heels. it may be one of these right before the stroke of midnight that he says, look, i have no other choice here. we're not going to have this mexican standoff, so to speak, and i have to get out of the way in the game of chicken. recogniz otherwise, ear all going to be soup at the end of the day. >> harry reid cites paul ryan as one of tho
the re-election of president obama validates his particular approach here, which is that middle class people should not have a burden placed upon their shoulders. the working classes should not be punished, and god knows the working poor should not be further marginalized in this economy by trying to give goodies and treats to the republicans. they are playing grinch for -- the grinches who stole the christmas of working class people here, and president obama is trying to talk about the spirit...
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i think president obama is less frigened of going over the cliff tha the republicans are, that is why the republicans are making all concessioos. i tell you, if we go over the cliff, here is what he wouldo, sa okay, now, everyone's tax have been raised, it happened because the republicans wanted stand by their fat cat friends, while i tell you, what their taxes will stay where they are increased and i have a tax cut f 98% of aricans that will send up to the hill a seen as congress gets back here, we restore the bush tax cuts for middle class and workin work cst the rich are paying their fair share, and i think that country will applaud. neil: you think he comes out a hero, that is why republicans fear if that scenario they lose. >> they are i a lose-se situatio onl thing obama has to fear is, if he plays it hardball, and takes us over tha@ cliff,n play the savior beyond the cliff. its possible that we could have a real downturn, a real recessn. and a real problem in the economy,nhich case, barac obama will not escape the historic reputation of the democrats' herbert hoover. neil no pr
i think president obama is less frigened of going over the cliff tha the republicans are, that is why the republicans are making all concessioos. i tell you, if we go over the cliff, here is what he wouldo, sa okay, now, everyone's tax have been raised, it happened because the republicans wanted stand by their fat cat friends, while i tell you, what their taxes will stay where they are increased and i have a tax cut f 98% of aricans that will send up to the hill a seen as congress gets back...
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Dec 11, 2012
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what d the obama arithmetic that $1 trillion we have already cut. >> 800 billion for the board that would be financed anyway, there has to be re cuts happening at the same time. neil: rudy guiliani. i am headed to whington to save us from t mess. be where. i am coming. but we c still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all inne place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors now get 200 free trades when you open an account. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with priloseotc and don'tet heartburn in the firsplace! [ male annncer ] e pill eachmorning. 4 hours. zero heartbur neil: as if i am n busy enough but this super heroes day is never done after talking to astronauts now trying to get washington to do
what d the obama arithmetic that $1 trillion we have already cut. >> 800 billion for the board that would be financed anyway, there has to be re cuts happening at the same time. neil: rudy guiliani. i am headed to whington to save us from t mess. be where. i am coming. but we c still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do...
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Dec 12, 2012
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they won't cut spending. i fear republicans are going to raise taxes to pay for president obama's spending. that's wrong. it's not going to work. that leads us over into a debt ceiling disaster and a possible downgrade of the credit rating. tracy: all we're good at is kicking the can. keep fighting the good fight. don't give up. >> we won't, thank you. tracy: good. we're like beckham, kick, kick. when we come back, is try -- is china trying to take over? a look of their moves inside the u.s.. president obama get his way or boehner or either? who knows. the results of a new report next. tracy: the future of our country hinging on our grdlocked congress. does that make you feel better? so far the fiscal plans put forth by the president and speaboehner simply wonnt cut it. a new report out find neither proposal reduces our debt enough to solve our economic crisis putting the country at, well, further risk for another downgrade. anybody want to talk abou august last summer in what will it take to get the house in
they won't cut spending. i fear republicans are going to raise taxes to pay for president obama's spending. that's wrong. it's not going to work. that leads us over into a debt ceiling disaster and a possible downgrade of the credit rating. tracy: all we're good at is kicking the can. keep fighting the good fight. don't give up. >> we won't, thank you. tracy: good. we're like beckham, kick, kick. when we come back, is try -- is china trying to take over? a look of their moves inside the...
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Dec 11, 2012
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obama wants $350 billn in entitlement cuts over the next ten years, mr. boehner wants $800 billion in entitlement cuts, and we're going to see a big, dramatic negotiation. and whatou and i is -- and all of our fellow americans are looking at is the prospect of a recession next year if the president and mr. boehner can't come to an agreement, as much as a 10% unemployment rate because both this president and the republican party, as you can see here, are playing at the margin. and the national media is not focusing on what the realy is. they're just playing games right in washingn.he folks in office andhis president is guilty of class warfare. fo what? for that? are you kidding me? president obama seems to love the drama. i thought he dn't like drama. but the reality iss there will e is little impa our fiscal future. and as nation, after all of the drama and whatever the outcome, we remain in geat jeopardy. because this isn't a fiscal future any of us, any of us wants. >>> morsi declares martial law in gypt and claims he's not a dictator. the obama mile ea
obama wants $350 billn in entitlement cuts over the next ten years, mr. boehner wants $800 billion in entitlement cuts, and we're going to see a big, dramatic negotiation. and whatou and i is -- and all of our fellow americans are looking at is the prospect of a recession next year if the president and mr. boehner can't come to an agreement, as much as a 10% unemployment rate because both this president and the republican party, as you can see here, are playing at the margin. and the national...
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Dec 13, 2012
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so, according to this poll, the people are saying, yes, go ahead, cut entitlements and say that obama has a mandate, among those that did not vote for obama, they have -- that they say that there is a mandate of obama to actually raise the taxes on top earners. >> i think a mandate do both. the fed -- a lot of people blame the fed for everything, seems a little ludicrous, what the fed is saying, listen, guys, compromise and if you don't, you got to expect stocks to go down. consumer confidence coming down, small business coming down, compromise or else here is the future. the future is lower stock market. >> right. >> so i think that there is a -- there is a very funny thing going on. we have rich people coming down to washington saying, listen, we will take our taxes but got to give a compromise. there's this curious where's tim geithner with specific doubts really get this thing going? what do they come up with? what did eamon javers come up with the other day? raise taxes a little less than you thought. he comes out and says, listen, medicare, make it this new able. we'd deal. but
so, according to this poll, the people are saying, yes, go ahead, cut entitlements and say that obama has a mandate, among those that did not vote for obama, they have -- that they say that there is a mandate of obama to actually raise the taxes on top earners. >> i think a mandate do both. the fed -- a lot of people blame the fed for everything, seems a little ludicrous, what the fed is saying, listen, guys, compromise and if you don't, you got to expect stocks to go down. consumer...
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Dec 12, 2012
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i'm not sure i would use a retre retreat. >> would a resection about extending the tax cuts. >> i can't answer that question. when did we stop talking about who those people paying the taxes would be. many of those almost one miggion are small business people and not create more jobs hurting economic growth and i think that is what you have to focus on when you talk about race iing w. >> i understand the point. in these negotiations the pras seems to have the or the rich t cuts. >> we haven't tualked enough about what it will mean to the economy. we have to care about who gets hit by it. we have to begin thinking about it. >> not an ees asy thing to do. we called it decoupling. again, i don't peak for anybody but myself. my point is we need to remind people that there are three things the small business person and where is the spending cut? >> one last one, the gop will be claimed if all of the tax carts experbecause we he how long would that damage last? >> i don't know. it would be back for polltations and bat for the nanly. >> it would take us back to a resection. >> it would be terr
i'm not sure i would use a retre retreat. >> would a resection about extending the tax cuts. >> i can't answer that question. when did we stop talking about who those people paying the taxes would be. many of those almost one miggion are small business people and not create more jobs hurting economic growth and i think that is what you have to focus on when you talk about race iing w. >> i understand the point. in these negotiations the pras seems to have the or the rich t...
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Dec 7, 2012
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you have not answered the question why obama -- why you are supporting obama's reckless spending. he refuses to cut spending, he refuses to reform entitlements. if he is it, we go back up -- >> sean has been -- let me say, i'm not supporting anybody's reckless spending. i want to make a note for the audience sean hannity has been an honest man. he said he condemned when the prescription drug benefit was pass bid republicans without funding. when we had two wars on the books without funding. so now you build up the terrific debt and you want to blame obama. how crazy is that? >> stop with the blame bush game, juan. >> no, no. >> i'm tired of it. >> the deficit under bush with two wars raging in 2007 was $161 billion. if we hadn't -- if bush hadn't done his prescription drug entitlement then it was much more -- >> juan, juan, we've got to go. >> republicans never said yes to continuous spinning and baling out wall street here. >> coming up -- thank you going. frightening youtube video you have to see to believe. anarchists calling for violence against american institutions and later
you have not answered the question why obama -- why you are supporting obama's reckless spending. he refuses to cut spending, he refuses to reform entitlements. if he is it, we go back up -- >> sean has been -- let me say, i'm not supporting anybody's reckless spending. i want to make a note for the audience sean hannity has been an honest man. he said he condemned when the prescription drug benefit was pass bid republicans without funding. when we had two wars on the books without...
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Dec 12, 2012
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have their work cut out for them, is it time to get counselling, here is what some are tweeting the show. jason said, congress members are all spoiled and bratty kids, they need a firm hand to their back side, they should get paid for what they get done, no more salary. >> they need to get their heads out of politics and do what is right for the country. >> and does congress need counselling? 90% said yes, 10% said no. must have been their parents,. >> dave writes, medicare and social security are retirement programs we've been paying into for 40 years. >> i am 73 years old, and am sick of off
have their work cut out for them, is it time to get counselling, here is what some are tweeting the show. jason said, congress members are all spoiled and bratty kids, they need a firm hand to their back side, they should get paid for what they get done, no more salary. >> they need to get their heads out of politics and do what is right for the country. >> and does congress need counselling? 90% said yes, 10% said no. must have been their parents,. >> dave writes, medicare...
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Dec 13, 2012
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the sticking point is not the tax rates, i think that real sticking point is cuts, democrats are not willing to put forward enough cuts to get republicans to say what they promised they would do, at least consider the rate going up. lou: this -- president comes with a dial, most recent counter offer, offer, i don't know why we are with him. has $2 of tax hikes for every well 70-cents of -- >> imaginary cuts. i suggestion that john boehner get a huge banner and wrap it around the capitol, "it's the spending, stupid." >> the truth is that tax receipts have risen, revenue for federal government has risen by 26%. 210, 2010, and 2011, there is room to perhaps give there. but, i have to ask you, am saying now. i was going to say, i think we're being gamed in a different way. i am now in school that believes this president doesn't to go over the cliff, also, i believe that republicans are now incentivized to go over the cliff, because they get two-for-one spending cuts and i believe that president is maintaining am bi ambiguity so s don't reaction. >> i believe there is a substantial truth,
the sticking point is not the tax rates, i think that real sticking point is cuts, democrats are not willing to put forward enough cuts to get republicans to say what they promised they would do, at least consider the rate going up. lou: this -- president comes with a dial, most recent counter offer, offer, i don't know why we are with him. has $2 of tax hikes for every well 70-cents of -- >> imaginary cuts. i suggestion that john boehner get a huge banner and wrap it around the capitol,...
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he ran on a pledge to repeal these tax cuts. 60% of voters backed obama's reelection, a new poll suggests that -- >> including republicans. >> stephanie: yeah, he said republicans would take the bulk of the blame if this happens. i think we're in a strong position. >> i do too. >> stephanie: every time they talk on tv it's like lost lost lost lost you lost. this is the best thing chris, i have read thus far on this. [ ♪ patriotic music ♪ ] >> stephanie: fiscal cliff let's take the plunge in the l.a. times. the debt will fall social security and medicare will go on unharmed, and we'll go back to tax rates that work better than the current ones. many made a public plea to george w. bush not to enact these tax cuts. they said it would woesen the budget deficit decrease quality, and fail to produce economic growth. well what happened? [ bell chimes ] >> stephanie: exactly that. [ ♪ patriotic music ♪ ] >> stephanie: since then the budget deficit has ballooned, the economy has spiraled into the greatest decline since the great depression history has proved that 450 economists were exact
he ran on a pledge to repeal these tax cuts. 60% of voters backed obama's reelection, a new poll suggests that -- >> including republicans. >> stephanie: yeah, he said republicans would take the bulk of the blame if this happens. i think we're in a strong position. >> i do too. >> stephanie: every time they talk on tv it's like lost lost lost lost you lost. this is the best thing chris, i have read thus far on this. [ ♪ patriotic music ♪ ] >> stephanie: fiscal...
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boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern followed by updated economic projections from fomc members at 2:00 p.m. and ben bernanke's press briefing at quarter past. the fed is expected to announce a new round of bond purchases as its latest program, operation twist, is set to expire at the end of the month. cnbc will begin at 12:00 p.m. eastern. >>> joining us is stewart richardson, partner at rpmg. the press conference -- we'll hear a fresh round of stimulus from the fed. how significant would that be? >> in my mind it's not that significant. i think as optics, people think this is another addition to the stimulus. the fact is that the fed for months and months and months when they go out to purchase longer term treasuries, they're trying to reduce the supply of those in the market and effectively swap sh
boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern followed by updated economic projections from fomc members at 2:00 p.m. and ben bernanke's press briefing at quarter past. the fed is expected to announce a new round of bond purchases as its latest program,...
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watch. >> where are the president's spending cuts? the longer the white house slow walks this process the closer the economy gets to the fiscal cliff. >> where are the revenues? where are the revenues? regardless of the cuts or changes of entitlements more is demanded in terms of what seniors would have to pay in to a medicare and what age that would happen. while the republicans refuse to touch one hair on the head of a the wealthiest people in our country. >> when it comes to taxes the top senate republicans said it was time for his party to give in and move on. >> what the president is trying to the achieve on the top two tax rates, you know, he can get by doing nothing. the law is certainly stacked in his favor. >> sharing the view a tack increase is all but inevitable. >> senator coburn is joining us now. you have said the tax rates are going up on the wealthiest 2% of a americans. it sounds like more republicans are coming around to your way of thinking. i understand you have been talking to republican colleagues about support i
watch. >> where are the president's spending cuts? the longer the white house slow walks this process the closer the economy gets to the fiscal cliff. >> where are the revenues? where are the revenues? regardless of the cuts or changes of entitlements more is demanded in terms of what seniors would have to pay in to a medicare and what age that would happen. while the republicans refuse to touch one hair on the head of a the wealthiest people in our country. >> when it comes...
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but when you look at the potential solutions, does obama have a mandate? we asked that question. you see very big numbers, 68% says he has a mandate to cut taxes for people who earn less than 250k. 65% say he has a mandate to raise taxes on the wealthy while cutting spending. both elements are important. and when you ask about eliminating the bush tax cuts for people who make more than 250,000, 59% say he has a mandate to do that. so the president clearly has the whip hand in the negotiations, but, of course, members of congress don't respond to national polls. they're fought elected nationally like the president. they're responding to their districtes and that's why we have a different number to solve. >> i saw a number on nightly last night that was sadly low. we try to make something out of it. who would you blame if we go over? and it was 19 to 24. that was weird, wasn't it? that's where -- >> well, i think in some respects -- >> 19 we plame i think the president and 24% would blame -- that's not very -- that's like 24%? that's all you can get for that? you can't even make a
but when you look at the potential solutions, does obama have a mandate? we asked that question. you see very big numbers, 68% says he has a mandate to cut taxes for people who earn less than 250k. 65% say he has a mandate to raise taxes on the wealthy while cutting spending. both elements are important. and when you ask about eliminating the bush tax cuts for people who make more than 250,000, 59% say he has a mandate to do that. so the president clearly has the whip hand in the negotiations,...
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edward tweeted us to say for six years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the best one? we have you covered. "welcome to "the willis report." hello, everybody. i'm gerri willis. toght no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a wayhrough this regardless of congress and the president. small-business owners in this country are preparing to hire. jo me now, chief u.s. economist for i may just pull one side. heart of america group founder, and meer of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate. also with us
edward tweeted us to say for six years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the...
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president obama remains insistent that republicans yields to his ultimatum thahe be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reducetrillion dollar deficits and a natonal debt that is nw mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on scal policy that wouldake both casey stieel and yogi berra proud. the nation now just 24 days away from $600 billion of spending cuts and tax increases that will automatically kicked in. and pelosi has some wise words for washington. please listen terror. >> this is a mment of truth. the clock is ticking. christmas is coming. the goose is getting fat. in many homes across america it is very, very lean times. you cannot cut your way to deficit reduction. lou: that's right. pelosi says we cannot get our way to deficit reducti. listen to the top democrat in the house of epresentatives, the former speake
president obama remains insistent that republicans yields to his ultimatum thahe be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reducetrillion dollar deficits and a natonal debt that is nw mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on scal...
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thought previsly, a new fox poll shows 3 a 3 to 1 margin, voters believe by enacting mostly spending cuts is the best way to deal with the problem. president obama continue its push his ultimatum on higher taxes for wealthy, and republican leaders responding by warning their members to be prepared for christmas in washington because of the stalemate. and joining us now, congressman devon nunez, a member of house aways and means committee. speaker saying they are separated by serious gaps here, what are your thoughts? >> i came on this show two weeks ago, i told you then that president wanted to go cliff diving, that is what he wants to do. he is not serious about getting a deal, if he was so serious, he would not have met with john boehner sunday morning then go out 24 hours later on a campaign stop to michigan railing about some middle class tax hike jarg onljargon he is using. he wants to go off the cliff,. lou: looking at that number. newest fox poll released a couple hours ago, that polls poe 5-- say 57% say that best way to deal with budget is with dedictions, and then, what we're se
thought previsly, a new fox poll shows 3 a 3 to 1 margin, voters believe by enacting mostly spending cuts is the best way to deal with the problem. president obama continue its push his ultimatum on higher taxes for wealthy, and republican leaders responding by warning their members to be prepared for christmas in washington because of the stalemate. and joining us now, congressman devon nunez, a member of house aways and means committee. speaker saying they are separated by serious gaps here,...
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instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer to extend the bush tax cuts for everybody under $250,000 and at least take that uncertainty off the table and then continue to negotiate the rest to have later. some of the republicans are now coalessing around that view that they should give into what the president is suggesting, at least temporarily, and continue to negotiate on the rest because there's a lot of political pain here for republicans if we do get to the point where we go over the cliff because of those higher tax rate pateryers, guys. >> all right, eamon. thank you. >> the talk continues, but none of it face to face. be sure to catch a live interview with one of the k
instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer to extend the bush tax cuts for everybody under $250,000 and at least take that uncertainty off the table...
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meanwhile, president obama is standing firm on his commitment to sign no deal that doesn't include tax rates for the wealthiest americans. he mentioned some of that yesterday in a campaigning event in michigan, zoraida. >> his spokesperson said they're not going to negotiate through the media. a lot of people are thinking that is actually a good thing. >> correct. >> we have an urgent situation in washington right now. tell us about the deadlines. we know that everybody's leaving for the christmas break and the president had said that he wanted a deal done before then. >> that's absolutely correct. and we also have a de facto deadline that we're pushing up against in terms of on friday. if there is a deal, they will potentially need to reach it by friday. the legislative process takes time to cook, if you will, about two weeks potentially. they would potentially need to have a deal done by friday so that we don't actually go over the cliff. >> good luck with that. shannon travis, live in washington. thank you. >> it is 43 minutes after the hour right now. coming up on this big, big sho
meanwhile, president obama is standing firm on his commitment to sign no deal that doesn't include tax rates for the wealthiest americans. he mentioned some of that yesterday in a campaigning event in michigan, zoraida. >> his spokesperson said they're not going to negotiate through the media. a lot of people are thinking that is actually a good thing. >> correct. >> we have an urgent situation in washington right now. tell us about the deadlines. we know that everybody's...
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how do we cut the defense budget now? >> jim, i'm not disagreeing with you. >> what's the -- >> first audit of the defense firms we don't even know where the money is being spent. i'm not disagreeing with you on defense. you want to really attack what's going to be an explosion in costs, it's brom ma care. obama care is so vastly or grocery underestimated in terms of costs. i mean currently, the current budget window is $1.7 billion. when true spending kicks in $2.5 and that assumes only 1 million employees lose employee sponsored care, get dumped in highly subsidized -- >> some -- >> people have their head in the sand on that one. that will add trillions of dollars to our deficit and nobody wants to talk about it. nobody's talking about medicare anymore. because the democrats have taken that off the table. i'm asking the democrats, show us your plan. then i know what i'm going to compromise with. >> but in theory there is a plan that would exist that you would say, okay, i'm not going to go along with the pledge that i s
how do we cut the defense budget now? >> jim, i'm not disagreeing with you. >> what's the -- >> first audit of the defense firms we don't even know where the money is being spent. i'm not disagreeing with you on defense. you want to really attack what's going to be an explosion in costs, it's brom ma care. obama care is so vastly or grocery underestimated in terms of costs. i mean currently, the current budget window is $1.7 billion. when true spending kicks in $2.5 and that...
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. >> gretchen: if income taxes go up, should president obama make spending cuts as well? 90 percent said yes. you know why they say yes? that would be fair. if you are going to makelet cuts and increase taxes. people want fair want all right. mr. president take a look. farrah play. >> brian: number one john boehner told everyone in the house plan on coming back after christmas. he said we might do a plan b extend the bush tax cuts. except for those making over $250,000 . reopen the debate for the debt ceiling. time seems too short to get this done and written up. >> gretchen: this is not about time. it is it about people standing their ground. negotiations go up to the last finite minute. people can stand at the courthouse. mr. #1: dont like the way it is working. >> gretchen: if they wanted a deal done. >> steve: the president doesn't want a deal. >> gretchen: they go to the last minute. they should fedex, the poll. income tax go up should the president agree it spending cuts. 89 percent of the americans whompt has that kind of approval rating in the united states. spend
. >> gretchen: if income taxes go up, should president obama make spending cuts as well? 90 percent said yes. you know why they say yes? that would be fair. if you are going to makelet cuts and increase taxes. people want fair want all right. mr. president take a look. farrah play. >> brian: number one john boehner told everyone in the house plan on coming back after christmas. he said we might do a plan b extend the bush tax cuts. except for those making over $250,000 . reopen the...
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spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over the debt limit to do it. now the president wants to remove that spur to cut all together. of course, it gets in the way of his spending plans. i can assure you it one happen. the american people want washington to get spending under control and the debt limit is the best tool we have to make the president take that demand seriously. the american people want us to fight to cut spending. it's a fight they deserve and a fight we are happy to have. >> joining me now, simon rosenberg. and mark theisen. guys, welcome. simon, let me start with you on this. we did have some democrats come on the show and say no, the president doesn't get to just decide when to raise the
spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over the debt limit to do it. now the president wants to remove that spur to cut all together. of course,...
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obama will come back and say no, we're going to eliminate the tax cuts for the rich. we're just going to give them to the middle class, and that's where they're ahead in public opinion, but i think they're not going to have i any choice. republicans have to stick together. they have to resist the pressure of the white house, and if obama wants to take them over a cliff and wants to inherit a new recession which will destroy his second term, i think they ought to say if that's what you want, mr. president, we'll just do it. >> well said as always. charles krauthammer, thanks so much for being with us. appreciate it. >> it's a pleasure. >>> coming up, jones makes a grand return and gloats about the victory in the election. his speech was nothing short of offensive. we'll play it for you. you'll hear the less than civil rhetoric being spewed by the former green jobs czar. the situation in syria has hit critical mass that president assad is ready to launch chemical weapons on his own people. president obama issued a warning to assad. to assad. will he stand by his own try
obama will come back and say no, we're going to eliminate the tax cuts for the rich. we're just going to give them to the middle class, and that's where they're ahead in public opinion, but i think they're not going to have i any choice. republicans have to stick together. they have to resist the pressure of the white house, and if obama wants to take them over a cliff and wants to inherit a new recession which will destroy his second term, i think they ought to say if that's what you want, mr....
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liz: president obama met with ceos head of the looming deadline for tax cuts and spending cuts. david: a fiscal deal could be reached in a week. rich edson with the latest. it was an off the record meeting. this is a meeting that affects all of us. speak of the business roundtable says all the meetings are off the table and they have the initial remarks live and available to the press. in that the president did say we could settle this issue in a week if republicans relent on their position for taxes. offering $800 billion in tax revenue, coming from only closing loopholes and seductions, no to a tax rate increase for the president says it is making $250,000 or more, tax rates are going up. >> we will not raise them just out of spite, but rather because the need to raise a certain amount of revenue. >> the president doesn't agree with our proposal and our outline, think he has an obligation to send one to the congress. and a plan that could pass both chambers of commerce. if you look at the plans the white house has talked about thus far, they couldn't pass either house of the c
liz: president obama met with ceos head of the looming deadline for tax cuts and spending cuts. david: a fiscal deal could be reached in a week. rich edson with the latest. it was an off the record meeting. this is a meeting that affects all of us. speak of the business roundtable says all the meetings are off the table and they have the initial remarks live and available to the press. in that the president did say we could settle this issue in a week if republicans relent on their position for...
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we cut the number of people on welfare down from about five million to three million. then obama comes in and, so he reinstates it and takes the work requirements out and now people are outraged because we have these people on food stamp. melissa: stop this one next. this one is absolutely insane. thank you so much for coming on tonight. we appreciate your time. >> you bet. melissa: time for today's fuel gauge report. freshwater forecasts expected decline in inventories sent natural gas stocks soaring. a cold front expected to move into the u.s. raising the outlook for natural gas demand. oh, no. >>> freeport-mcmoran is plunging head first into oil. the mining giant is buying plains exploration and mcmoran exploration for a total of $9 billion in cash and stock. freeport will also assume about $11 billion in debt. >>> u.s. oil production reached its highest level in almost 15 years in september. new data from the energy information administration says u.s. crude output averaged 6.5 million barrels a day. that is up 16% year-over-year. thank you shale and fracking. >>>
we cut the number of people on welfare down from about five million to three million. then obama comes in and, so he reinstates it and takes the work requirements out and now people are outraged because we have these people on food stamp. melissa: stop this one next. this one is absolutely insane. thank you so much for coming on tonight. we appreciate your time. >> you bet. melissa: time for today's fuel gauge report. freshwater forecasts expected decline in inventories sent natural gas...
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that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that it wilbe a staggering figure. especially since we have a president who is inclined to spend like hell. i don't think there's any doubt about that. the president today is absolutely indulging in class warfare. >> i cannot ask folks who are middle-class seniors on medicare and young people who are trying to get student loans for college -- i can't ask them to sacrifice. and not ask anything of higher income folks. lou: what are your thoughts? >> i love the word ask her if is that this is a chervil contribution as opposed to money being taken forcibly. second, what's he asking anyone to sacrifice other
that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that...
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can president obama get anything done until he gets something, no? >> all the cuts that happened as a result of the fiscal cliff, all over the place. let's cut hundreds of billions in defense. it doesn't indicate what missions are going to be no longer what, programs we're going to kim. i mean, we really have to be stupid to be doing that. >> so irresponsible. >> not knowing where the cuts are hitting. >> right. >> for the security of this country. >> i agree. >> so, therefore, you're going to get some agreement. maybe it's january 5th, maybe it's december 30th, january 10th, but it will probably be a band-aid agreement. that's the problem. this isn't going to be one of these long-term deficit reduction, credible agreements that does tax reform, entitlement reform. >> that's for another day. >> that's for another day, so i don't think the markets are going to real that much, but i think it will prevent the fiscal cliff. >> always good to see you, larry. >> very good insights for next year. >> ten minutes before the closing pebble. a market that's low
can president obama get anything done until he gets something, no? >> all the cuts that happened as a result of the fiscal cliff, all over the place. let's cut hundreds of billions in defense. it doesn't indicate what missions are going to be no longer what, programs we're going to kim. i mean, we really have to be stupid to be doing that. >> so irresponsible. >> not knowing where the cuts are hitting. >> right. >> for the security of this country. >> i...
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where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe from pages 17 to 45, details on proposed spending cuts by the president, pages 17 to 45. i recommend them to you. >> so, at this point, a deal before christmas looking unlikely. as senate majority leader harry reid admitted yesterday. but in an interview with barbara walters, president obama predicted that republicans would eventually give in on taxes. >> the most important thing we can do is make sure the middle class taxes do not go up on january 1st, and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protec
where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe from...
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they want, the trillion dollars in spending cuts president obama agreed to, hundreds of billions in additional cuts, ending the payroll tax break, ending jobless benefits and they get the opportunity to create a new debt ceiling crisis in a few months. that's on the republican side, what the republicans get in their proposal. what do the democrats get in their proposal? they get this. a promise to end undefined tax deductions and loopholes of some kind at some point maybe next year. ta da! a fair and balanced middle ground. >> unfortunately, the speaker's proposal right now is still out of balance. >> yes. balance. here's the amazing part, though. after congressional republicans released their plan yesterday, which gives them everything they want and promises democrats that they might get something undefined that they might want maybe some time in the future. we'll talk about it later. after they put forth that sweet deal, this was the reaction from the beltway's conservative class. this is genius. sadly, this plan leaves conservatives wanting. wanting what exactly? the declaration
they want, the trillion dollars in spending cuts president obama agreed to, hundreds of billions in additional cuts, ending the payroll tax break, ending jobless benefits and they get the opportunity to create a new debt ceiling crisis in a few months. that's on the republican side, what the republicans get in their proposal. what do the democrats get in their proposal? they get this. a promise to end undefined tax deductions and loopholes of some kind at some point maybe next year. ta da! a...
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return in dribs and drabs on the american middle class, they keep the majority of revenue, spending cuts can be finessed. lou: we looked at total spending under boehner plan and as we understand them obama plan, and no plan, they end ought about the -- end at about the same place in 2022. this is madness. >> the obama drama that is surrounding this negotiation. over an inconsequential increase of a tax over 2%, and no affect, across 10 years of national debt that is madness. >> this is nuts, it is unnecessary, but this is politics, it has nothing to do with policy. lou: and who is the beneficiary of that? >> well, look, president obama ran on this he was elected with a margin that is substantial enough to warrant this public opinion supports him, public opinion supports his position, and public opinion will support obama over the republicans if we go over the cliff, he will go over the cliff rather than take a bad deal. and making sure that tax rates on wealthiest go up is a big part of that deal. >> he ran on half of tax increases proposing, he ran on a planned approach, i'm sorry this
return in dribs and drabs on the american middle class, they keep the majority of revenue, spending cuts can be finessed. lou: we looked at total spending under boehner plan and as we understand them obama plan, and no plan, they end ought about the -- end at about the same place in 2022. this is madness. >> the obama drama that is surrounding this negotiation. over an inconsequential increase of a tax over 2%, and no affect, across 10 years of national debt that is madness. >> this...